What is value stream in SAFe?

A value stream is the primary construct for understanding, organizing, and delivering value in SAFe. Each value stream is a long-lived series of steps used to create value. A trigger starts the flow of value, and there’s some form of monetization or value delivered at the end.

What are the 2 types of value streams in SAFe?

There are two types of value streams – operational value streams and development value streams. Operational value streams are a series of steps used to provide goods and services to a customer, either internal or external. This is primarily how a business makes its money.

What is a value stream example?

Manufacturing value streams convert raw materials into the products customers purchase. Examples include consumer products, medical devices, and complex cyber-physical systems. Software product value streams offer and support software products. Examples include ERP systems, SaaS, and desktop and mobile applications.

How do you describe a value stream?

A value stream is the set of actions that take place to add value to a customer from the initial request through realization of value by the customer. The value stream is depicted as an end-to-end collection of value-adding activities that create an overall result for a customer, stakeholder, or end-user.

What is the difference between value chain and value stream?

A Value Stream is a visual process tool that describes a set of activities within the organization that adds value. A Value Chain is an organizational decision support tool, while a Value Stream can refer to a smaller set of activities within the organization that adds value.

What is value streams and processes?

Value Streams are visualizing all steps that are needed to transform a specific need or demand into actual value for the customer (and other internal or external stakeholders). They are basically a process flow charts, with one important addition…they also consider waiting times between the different steps.

What does value stream mean in lean approach?

Value stream mapping (VSM) is defined as a lean tool that employs a flowchart documenting every step in the process. VSM helps users create a solid implementation plan that will maximize their available resources and help ensure that materials and time are used efficiently.

What is the primary purpose of value stream mapping?

The purpose of a value stream map is to view the entirety of a process flow from start to finish and create a plan to optimize efforts in getting the company to its desired outcomes. By illustrating the current state, a value stream map allows you to know where there are current gaps.